The STOCK INDEXES:The December NASDAQ 100 was higher in overnight trading as it consolidates some of its decline off last-Monday's high. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the 38% retracement level of the April-September-rally crossing at 7215.52. Closes above the 10-day moving average crossing at 7583.30 would temper the near-term bearish outlook. First resistance is last-Monday's high crossing at 7728.75. Second resistance is unknown. First support is last-Friday's low crossing at 7362.00. Second support is the 38% retracement level of the April-September-rally crossing at 7215.52.

The December S&P 500 was was higher due to short covering overnight as it consolidates some of the decline off September's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the 25% retracement level of the April-September-rally crossing at 2856.52 is the next downside target. Closes above the 20-day moving average crossing at 2913.56 would temper the near-term bearish outlook. First resistance is September's high crossing at 2945.50. Second resistance is is unknown. First support is last-Friday's low crossing at 2877.50. Second support is the 25% retracement level of the April-September-rally crossing at 2856.52.

INTEREST RATES: December T-bonds were steady to slightly higher in late-overnight trading as it consolidates some of the decline off August's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower price are possible near-term. If December extends the decline off August's high, monthly support crossing at 134-04 is the next downside target. Closes above the 20-day moving average crossing at 140-08 are needed to confirm that a short-term top has been posted. First resistance is the 10-day moving average crossing at 139-10. Second resistance is the 20-day moving average crossing at 140-08. First support is the overnight low crossing at 136-21. Second support is monthly support crossing at 134-04.

December T-notes was higher due to short covering overnight as it consolidates some of the decline off August's high. Stochastics and the RSI are oversold, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, monthly support crossing at 114.192 is the next downside target. Closes above the 20-day moving average crossing at 118.216 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 118.121. Second resistance is the 20-day moving average crossing at 118.216. First support is the overnight low crossing at 117.135. Second support is monthly support crossing at 114.192.

ENERGY MARKETS: NovemberNymex crude oil was lower overnight as it consolidates some of this year's rally. Stochastics and the RSI have turned bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 71.93 would confirm that a short-term top has been posted. If November resumes the rally off August's low, the 75% retracement level of the 2014-2016-decline crossing at 77.23 is the next upside target. First resistance is last-Wednesday's high crossing at 76.90. Second resistance is the 75% retracement level of the 2014-2016-decline crossing at 77.23. First support is the 20-day moving average crossing at 71.93. Second support is the 50-day moving average crossing at 69.06.

November heating oil was lower overnight as it consolidates some of the rally off August's low. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 230.67 are needed to confirm that a short-term top has been posted. If November extends the rally off August's low, the November-2014 high crossing at 254.68 is the next upside target. First resistance is last-Wednesday's high crossing at 245.00. Second resistance is the November-2014 high crossing at 254.68. First support is the 10-day moving average crossing at 237.21. Second support is the 20-day moving average crossing at 230.67.

November unleaded gas was lower overnight as it extends the decline off last-Wednesday's high. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 204.46 would confirm that a short-term top has been posted. If November resumes the rally off August's low, monthly resistance crossing at 217.77 is the next upside target. First resistance is last-Wednesday's high crossing at 215.00. Second resistance is monthly resistance crossing at 217.77. First support is the 20-day moving average crossing at 204.46. Second support is the 50-day moving average crossing at 197.23.

November Henry natural gas was sharply higher overnight signaling a possible end to a two-day correction off last-Wednesday's high. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, the July-2015 high crossing at 3.457 is the next upside target. Closes below the 20-day moving average crossing at 2.989 are needed to confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 3.261. Second resistance is the July-2015 high crossing at 3.457. First support is the 10-day moving average crossing at 3.107. Second support is the 20-day moving average crossing at 2.989.

CURRENCIES:The December Dollar was higher overnight as it extends the rally off September's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, August's high crossing at 96.45 is the next upside target. Closes below the 20-day moving average crossing at 94.51 would temper the near-term friendly outlook. First resistance is last-Thursday's high crossing at 95.78. Second resistance is August's high crossing at 96.45. First support is the 20-day moving average crossing at 94.51. Second support is September's low crossing at 93.39.

The December Euro was lower overnight as it extends the decline off September's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, August's low crossing at 114.09 is the next downside target. Closes above the 20-day moving average crossing at 117.10 would temper the near-term bearish outlook. First resistance is September's high crossing at 118.93. Second resistance is July's high crossing at 119.36. First support is last-Thursday's low crossing at 115.26. Second support is August's low crossing at 114.09.

The December British Pound was lower overnight.Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1.3137 are needed to confirm that a short-term low has been posted. If December extends the decline off September's high, September's low crossing at 1.2845 is the next downside target. First resistance is September's high crossing at 1.3350. Second resistance is July's high crossing at 1.3435. First support is September's low crossing at 1.2845. Second support is August's low crossing at 1.2735.

The December Swiss Franc was lower overnight as it extended the decline off September's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, July's low crossing at 1.0082 is the next downside target. Closes above the 20-day moving average crossing at 1.0344 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.246. Second resistance is the 20-day moving average crossing at 1.0344. First support is last-Friday's low crossing at 1.0108. Second support is July's low crossing at 1.0082.

The December Canadian Dollar was lower overnight as it extends the decline off October's high. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 76.97 would confirm that a short-term top has been posted. If December resumes the rally off September's low, the 50% retracement level of 2017-2018-decline crossing at 78.72 is the next upside target. First resistance is the 50% retracement level of 2017-2018-decline crossing at 78.72. Second resistance is the 62% retracement level of 2017-2018-decline crossing at 79.61. First support is the 50-day moving average crossing at 76.97. Second support is the September 27th low crossing at 76.56.

The December Japanese Yen was steady to slightly higher overnight as it consolidates some of the decline off August's high. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 0.0892 would confirm that a short-term low has been posted. If December extends the decline off August's high, the 87% retracement level of the 2015-2016 rally crossing at 0.0876 is the next downside target. First resistance is the 10-day moving average crossing at 0.0885. Second resistance is the 20-day moving average crossing at 0.0892. First support is last-Thursday's low crossing at 0.0877. Second support isthe 87% retracement level of the 2015-2016 rally crossing at 0.0876.

PRECIOUS METALS: December gold was lower overnight as it extends the trading range of the past two-months. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the reaction high crossing at 1220.70 are needed to temper the near-term bearish outlook. Closes below the reaction low crossing at 1184.30 would open the door for a possible test of August's low crossing at 1167.10. First resistance is the reaction high crossing at 1220.70. Second resistance is the July-26th reaction high crossing at 1244.60. First support is the reaction low crossing at 1184.30. Second support is August's low crossing at 1167.10.

December silver was lower overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 14.393 would confirm that a short-term top has been posted. Closes above last-Tuesday's high crossing at 14.950 would open the door for additional short-term gains. First resistance is last-Tuesday's high crossing at 14.950. Second resistance is the August 28th reaction high crossing at 15.070. First support is September's low crossing at 13.965. Second support is the December-2015 low on the weekly continuation chart crossing at 13.620.

December copper was lower overnight. The mid-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 272.76 would confirm that a short-term top has been posted. If December resumes the rally off September's low, the July 25th reaction high crossing at 288.85 is the next upside target. First resistance is the July 25th reaction high crossing at 288.85. Second resistance is the July 10th reaction high crossing at 290.20. First support is the 50-day moving average crossing at 272.76. Second support is September's low crossing at 258.00.

December corn was lower overnight as it continues to struggle to sustain an upside breakout of resistance marked by September's high crossing at 3.69 3/4. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Closes above September's high crossing at 3.69 3/4 are needed to confirm that the intermediate-trend has turned sideways to higher. Closes below the 20-day moving average crossing at 3.58 3/4 would signal that a short-term top has been posted. First resistance is September's high crossing at 3.69 3/4. Second resistance is the 38% retracement level of the May-September-decline crossing at 3.75 1/2. First support is the reaction low crossing at 3.54 1/2. Second support is September's low crossing at 3.42 1/2.

December wheat was lower overnight. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the rally off September's low, the 50-day moving average crossing at 5.39 is the next upside target. If December resumes the decline off the late-September high, September's low crossing at 4.95 1/4 is the next downside target. First resistance is the 50-day moving average crossing at 5.39. Second resistance is the reaction high crossing at 5.49 1/2. First support is last-Tuesday's low crossing at 5.05 1/4. Second support is September's low crossing at 4.95 1/4.

December Kansas City Wheat closed up 2-cents at 5.24 1/4.

December Kansas City wheat closed higher on Friday. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, the 50-day moving average crossing at 5.47 1/4 is the next upside target. If December renews the decline off September's high, September's low crossing at 4.98 3/4 is the next downside target. First resistance is the reaction high crossing at 5.35 3/4. Second resistance is the 50-day moving average crossing at 5.47 1/4. First support is September's low crossing at 4.98 3/4. Second support is July's low crossing at 4.93 3/4.

December Minneapolis wheat was lower overnight as it consolidates below resistance marked by the 50-day moving average crossing at 5.96 3/4. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that the corrective rally off September's low might be coming to an end. Closes below last-Monday's low crossing at 5.72 would confirm that a short-term top has been posted. Closes above the 50-day moving average crossing at 5.96 3/4 would open the door for additional gains and a possible test of the August 31st high crossing at 6.02. First resistance is the 50-day moving average crossing at 5.96 3/4. Second resistance is the August 31st high crossing at 6.02. First support is last-Monday's low crossing at 5.72. Second support is September's low crossing at 5.60 1/4.

November soybeans were lower overnight after testing resistance marked by the 25% retracement level of the May-September-decline crossing at 8.74. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, the 38% retracement level of the May-September-decline crossing at 9.07 is the next upside target. Closes below the 20-day moving average crossing at 8.46 1/4 would confirm that a short-term top has been posted. First resistance is the 25% retracement level of the May-September-decline crossing at 8.74. Second resistance is the 38% retracement level of the May-September-decline crossing at 9.07. First support is September's low crossing at 8.12 1/4. Second support is psychological support crossing at 8.00.

December soybean meal was slightly lower overnight while extending the trading range of the past four-weeks. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 319.30 are needed to confirm that a short-term low has been posted. If December resumes the decline off the late-July high, the June 2017 low crossing at 301.20 is the next downside target. First resistance is the 50-day moving average crossing at 319.30. Second resistance is the August-15th reaction high crossing at 339.40. First support is the 75% retracement level of the 2016-2018 rally crossing at 303.80. Second support is the June-2017 low crossing at 301.20.

December soybean oil was lower overnight as it consolidates some of the rally off September's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 28.57 would confirm that a short-term top has been posted. If December extends the aforementioned rally, the 38% retracement level of the May-September-decline crossing at 30.53 is the next upside target. First resistance is last-Thursday's high crossing at 30.01. Second resistance is the 38% retracement level of the May-September-decline crossing at 30.53. First support is the 10-day moving average crossing at 29.24. Second support is the 20-day moving average crossing at 28.57.

October hogs closed higher on Friday as it extends the rally off August's low. The mid-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off August low, February's high crossing at 71.50 is the next upside target. Closes below the 20-day moving average crossing at 60.93 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the February-August-decline crossing at 68.41. Second resistance is February's high crossing at 71.50. First support is the 10-day moving average crossing at 64.34. Second support is the 20-day moving average crossing at 60.93.

October cattle closed up $0.18 at 113.80.

October cattle closed higher on Friday. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 112.70 would confirm that a short-term top has been posted. If October extends the rally off August's low, the 87% retracement level of the February-May-decline crossing at 115.24 is the next upside target. First resistance is Monday's high crossing at 114.35. Second resistance is the 87% retracement level of the February-May-decline crossing at 115.24. First support is the 20-day moving average crossing at 112.70. Second support is the 50-day moving average crossing at 110.82.

October Feeder cattle closed up $0.80 at $157.78.

October Feeder cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 157.16 would confirm that a short-term top has been posted. If October resumes the rally off August's low, weekly resistance crossing at 160.48 is the next upside target. First resistance is September's high crossing at 159.90. Second resistance is weekly resistance crossing at 160.48. First support is the 20-day moving average crossing at 157.16. Second support is the 50-day moving average crossing at 153.13.

FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food

December coffee closed higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 10.10 would confirm that a short-term top has been posted. If December extends the aforementioned rally, the 50% retracement level of the May-September-decline crossing at 113.31 is the next upside target.

December cocoa closed higher on Friday. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off August's high, the December-2017 low crossing at 18.71 is the next downside target. Closes above the 20-day moving average crossing at 21.70 would confirm that a short-term low has been posted.

March sugar closed higher on Friday as it extended the rally off September's low. The high-range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, the 25% retracement level of the 2016-2018-decline crossing at 12.80 is the next upside target. Closes below the 50-day moving average crossing at 11.53 would temper the near-term friendly outlook.

December cotton closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends decline off July's high, the 62% retracement level of the 2016-2018 rally crossing at 74.00 is the next downside target. Closes above the 20-day moving average crossing at 79.00 are needed to confirm that a short-term low has been posted.

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